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B Corp, BDCU Alliance Bank Best for the World 2018

12 June 2018 |Community
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B Corp, BDCU Alliance Bank Best for the World 2018

12 June 2018 |Community

B Corp Certified, BDCU Alliance Bank® honoured as Best For Governance again in 2018 as evaluated by a comprehensive B Impact Assessment.

MEDIA RELEASE: 12 June 2018. Today, BDCU Alliance Bank® was recognized for creating innovative governance structures to protect the mission of our business for the long term. The Best For Governance list is based on an independent, comprehensive assessment administered by the nonprofit B Lab. Honourees are featured on B the Change, the digital Medium publication produced by B Lab, at bthechange.com/bestfortheworld.

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BDCU Alliance Bank® is honoured in the Best For Governance list, which includes businesses that earned a Governance score in the top 10 percent of more than 2,400 Certified B Corporations on the B Impact Assessment. This is a hat trick for BDCU being honoured two years in a row. The full assessment measures a company's impact on its workers, community, customers and the environment. To certify as B Corporations, companies like BDCU Alliance Bank® must complete the full assessment and have their answers verified by B Lab.

The Governance portion of the B Impact Assessment evaluates a company’s overall mission, ethics, accountability and transparency. It measures whether the company has adopted a social or environmental mission, and how it engages its employees, board members and the community to achieve that mission. This section assesses employee access to financial information, customers’ opportunities to provide feedback, and the diversity of the company’s governing bodies. Honorees scoring in the top 10 percent set a gold standard for the high impact that business as a force for good can make around the world.

The 233 Best For Governance companies come from 77 different industries and 16 countries. B Lab simultaneously released separate lists recognizing B Corporations as Best For The World Overall, Best For Environment, Best For Customers, Best For Workers and Best For Community, which can be found at bthechange.com/bestfortheworld.  In the fall, B Lab will release the Best For The World: Changemakers and the Best For The World Funds lists.

“With the rise of anger at a system that feels rigged, people are hungry for companies like BDCU Alliance Bank®, who are changing the system by building businesses that seek to create the greatest positive impact,” says Jay Coen Gilbert, co-founder of B Lab. “Best For The World is the only list of businesses that uses comprehensive, comparable, third-party-validated data about a company’s social and environmental performance. As consumers, talent and investors increasingly demand transparent, values-aligned businesses to buy from, work at and invest in, companies will need to not just the best in the world but the best for the world, and not just to be nice but to be the most successful.”

Today there are more than 2,400 Certified B Corporations across more than 150 industries and over 50 countries, unified by one common goal: to redefine success in business. 

B Lab is a nonprofit organization that serves a global movement of people using business as a force for good.  Its vision is that one day all companies compete not only to be the best in the world, but the best for the world and society will enjoy prosperity for all for the long term.  

B Lab drives this systemic change by: 1) building a community of Certified B Corporations to make it easier for all of us to tell the difference between “good companies” and good marketing; 2) passing benefit corporation legislation to give business leaders the freedom to create value for society as well as shareholders; 3) helping businesses measure, compare and improve their social and environmental performance with the free B Impact Assessment; 4) driving capital to impact investments through use of its B Analytics and GIIRS Ratings platform.

For more information, visit http://bcorporation.net.

B the Change is a Medium publication, produced by B Lab in collaboration with the community of Certified B Corps and the movement of people using business as a force for good.

B the Change exists to inform and inspire people who have a passion for using business as a force for good in the world. Because we believe that storytelling is an essential element in the transformation of business and society, we commit ourselves to telling the most compelling stories possible to the largest audiences possible to propel the movement of business toward its destiny as a powerful force for good. We want to dramatically broaden and deepen engagement with entrepreneurs, managers, employees, investors and citizens in one of the most important discussions of our time.

Read all B the Change stories at http://www.bthechange.com.

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